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Cable Update (GBPUSD)

  • #657,421
  • Apr 28, 2022 2:58am Apr 28, 2022 2:58am
Quoting IBabyTrader
Dxy is fallng like hell, this mf is struck at 1.256, why is not going up?
U.S. Dollar Index:
EURO 57.6%
JAPANESE YEN 13.6%
BRITISH POUND 11.9%
CANADIAN DOLLAR 9.1%
SWEDISH KRONA 4.2%
SWISS FRANC 3.6%

Pound is only 12%
  • #657,422
  • Apr 28, 2022 3:03am Apr 28, 2022 3:03am
G/M, price tested deeper into that dly pot supp zone to 2480 around that 61.8% 1410-4298 and the pullback from it has broken the 1hr/4hr falling wedge to the upside. The pullback has created a prev 1hr sw lo zone = prev supp = pot supp extending down to the current dly lo of 2491 = prev supp = popt supp, and this is coexistent with the former. (It may become a prev 4hr sw lo zone too depending on PA.)This and to the near-term south of that zone are as below.

2537-2511-2480 prev dly sw lo x 2 zone = prev supp = pot supp (incl 2512 = Mthly S3, 2498 = Dly S1 & 2495 = 61.8% 1410-4249)
2475 Wkly S3
2450 Dly S2
2399 Dly S3
2392 85.4% 2074-4249
2310-2293-2252 prev wkly sw lo/dly sw hi then lo zone -incl- 2253 = midpoint yrly pivot.

A 600pip (so far) edge of the cliff straight line fall from 3090, on the dly.)

1hr below.
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Trader with an Edge.
  • #657,423
  • Apr 28, 2022 3:06am Apr 28, 2022 3:06am
fib numbers incase this is pull back ,,23% 2550,,,,38% 2539 ,,,,,,50% 2529 ... 61.8 % 2520
  • #657,424
  • Apr 28, 2022 3:12am Apr 28, 2022 3:12am
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yes yes yes
  • #657,425
  • Apr 28, 2022 3:13am Apr 28, 2022 3:13am
...to the near-term upside on 4hr is as below. There is also another fib (on my dly chart) just below tues's 2772 hi @ 2762.

The pullback from 2491 has pretty much equaled the previous longest p/back so far since that 3090 swing hi, (Ie that was 76pips, this [so far] is 79 pips.)

4hr below
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Trader with an Edge.
  • #657,426
  • Apr 28, 2022 3:13am Apr 28, 2022 3:13am
Gbpusd long

entry: 1.25483
tp: 1.260133
sl: 1.253855

8 pips sl...
tp: 53 pips
My telegram: https://t.me/avidforex
  • #657,427
  • Apr 28, 2022 3:15am Apr 28, 2022 3:15am
we have 10 and 20 ema cross on all times upto 1 hour , so watch 5 min incase it crosses to the short side ,,this will take a bit of negotiating
  • #657,428
  • Apr 28, 2022 3:27am Apr 28, 2022 3:27am
STUDY IT
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My telegram: https://t.me/avidforex
  • #657,429
  • Apr 28, 2022 3:27am Apr 28, 2022 3:27am
Not a short here by any standards and not today. My thoughts.
  • #657,430
  • Apr 28, 2022 3:29am Apr 28, 2022 3:29am
possible confirm now of breakout watch 2558 , right now fib the last 5 min up and down
  • #657,431
  • Apr 28, 2022 3:43am Apr 28, 2022 3:43am
The price could not be lower than 12500. Because of the range of monthly range that Georginson had said.
Let's see if it can go to 12475 or not.
There is nothing wrong with being kind & loving to each other
  • #657,432
  • Apr 28, 2022 3:49am Apr 28, 2022 3:49am
Quoting RaHaG0D
The price could not be lower than 12500. Because of the range of monthly range that Georginson had said. Let's see if it can go to 12475 or not.
With the upper most respect to George and yourself,, never be influenced by other traders,, you must play your own trades ,,Regards E
  • #657,433
  • Apr 28, 2022 3:59am Apr 28, 2022 3:59am
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Watch 2525 are for confined break or false move up
  • #657,434
  • Apr 28, 2022 4:03am Apr 28, 2022 4:03am
Correctrion went deeper than expected..

Enter again
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My telegram: https://t.me/avidforex
  • #657,435
  • Apr 28, 2022 4:13am Apr 28, 2022 4:13am
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yes yes yes
  • #657,436
  • Apr 28, 2022 4:18am Apr 28, 2022 4:18am
...£ bulls might get some relief on any soft print U.s initial GDP # later? You know what they say though? - If U.s sneezes we all catch a cold, so it could be a case of 'risk-off.' instead?

1hr below
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Trader with an Edge.
  • #657,437
  • Apr 28, 2022 4:18am Apr 28, 2022 4:18am
Quoting elbert3
{quote} With the upper most respect to George and yourself,, never be influenced by other traders,, you must play your own trades ,,Regards E
I trade based on my own knowledge, not others. But I also look at the knowledge of people who are experts to better understand the causes and behavior of the market. Otherwise, I made my trading plan based on my own system. Taking a personal name does not mean that others are unaware !!!!!
There is nothing wrong with being kind & loving to each other
  • #657,438
  • Apr 28, 2022 4:20am Apr 28, 2022 4:20am
Quoting RaHaG0D
The price could not be lower than 12500. Because of the range of monthly range that Georginson had said. Let's see if it can go to 12475 or not.
Maximum Monthly ranges in the last 5 years excluding Global lockdown month of March 2020....

September 2017 : 1.3658 - 1.2905 = 753 pips
January 2018: 1.4345 - 1.3457 = 888 pips
April 2018: 1.4376 - 1.3712 = 664 pips
January 2019. 1.3217 - 1.2423 = 794 pips
October 2019. 1.3012 - 1.2195 = 817 pips
July 2020. 1.3169 - 1.2359 = 810 pips
September 2020. 1.3481 - 1.2675 = 806 pips
February 2021 1.4241 - 1.3564 = 677 pips

✓Maximum of the maximums is 888 pips (January 2018)
✓July 2020 has Similar high with this current April 2022, The current April Low of 1.2491 is still 132 pips away from equating July 2020 low of 1.2359.

Current April 2022 range as at time of typing
1.3166 - 1.2491 = 675 pips, still 200 pips below the maximum 888 pips (January 2018).

This Current Week range 1.2841 - 1.2491 = 350 pips.
✓ most Repeated maximum weekly ranges stands at 365 pips, which means this current week range is just 15 pips away from equalling it.

1.2841 minus 365 pips = 1.2475 (December 2018) support.

My research excerpt with no obligation to follow...

Cheers, George.
Data + Stat + Risk/Emotions Management
  • #657,439
  • Apr 28, 2022 4:23am Apr 28, 2022 4:23am
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  • #657,440
  • Apr 28, 2022 4:25am Apr 28, 2022 4:25am
Quoting RaHaG0D
{quote} I trade based on my own knowledge, not others. But I also look at the knowledge of people who are experts to better understand the causes and behavior of the market. Otherwise, I made my trading plan based on my own system. Taking a personal name does not mean that others are unaware !!!!!
regards
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